| Risk and valuation analysis of the TAMARACK Project |
| Status Risk : Advanced discovery |
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| Title(s) of the TAMARACK Project |
 | Millstream Mines Ltd
Owner: 51% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Millstream has purchased its 100% undivided interest with cash payments of U.S. $476,500. Additionally, Millstream has supplied all the funding needed to advance the Tamarack Property to the stage of production that now exists. Millstream will receive 100% of all net revenues from the Tamarack Property going forward outside of a small 0.5% NSR on the gold output alone. |
 | Nirek Resources Inc.
Interest: 49% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Nirek Resources Inc. announced on april 1, 2007 the signature of a letter of Intent (LOI) to acquire a 49% undivided working interest in the Tamarack gold producer from Millstream Mines Ltd.(TSX VENTURE:MLM). The gold property is located in the state of Montana, USA.
The LOI specifies that Nirek will pay Millstream a total of approximately US$7,300,000 cash payment as outlined below: |
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| Location of the TAMARACK Project |
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The Property is located in the south western part of the State of Montana, U.S.A. near the town of Sheridan.The Tamarack Property its a former producing, high-grade gold operator in the Tobacco Root Mountains, Madison County, Montana consisting of si more...
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| History of the TAMARACK Project |
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The Tamarack Property was initially discovered in the 1860's and has been worked intermittently, both on surface and underground, up to the present time. The most dedicated undertaking of the property was carried out by Mr. Alexander Leggat, B.S., E. more...
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